HardAssetsInvestor

Written by Drew Voros  |

August 17, 2012

Commodity ETF Flows: Investors Storm Back Into GLD; Global X Uranium Jumps 8.44%

Details

SPDR Gold, the largest commodity fund, rebounds with a surge of $458 million in inflows.

While overall net inflows to commodity-related exchange-traded products were a fairly modest $282 million the past week, the larger story was that the largest gold and commodity fund, SPDR Gold (NYSE Arca: GLD) fell back into favor with investors, who plowed $468 million into it.

That surge in investment capital gave precious metals funds net inflows of $211 million, followed by energy funds with $168 million. Industrial metals was the other sector to record positive inflows—$3 million.

Broad market (multicommodity) funds saw outflows of $79 million and agriculture posted $21 million in outflows.

Exchange-traded products (ETPs) include exchange-traded funds (ETFs), exchange-traded vehicles (ETVs) and exchange-traded notes (ETNs).

ETP Inflows/Outflows

Energy and gold funds attracted the most inflows the past week, with the aforementioned SPDR Gold attracting $468 million in inflows, followed by Energy Select SPDR with $133 million, Alerian MLP (NYSE Arca: AMLP) with $45 million, Market Vectors Junior Gold Miners (NYSE Arca: GDXJ) with $31 million and PowerShares DB Agriculture (NYSE Arca: DBA) with $24 million.

Metals and mining funds also populated the top outflows, led by Market Vectors Gold Miners (NYSE Arca: GDX) with $202 million, followed by SPDR S&P Metals and Miners (NYSE Arca: XME) with $82 million, iShares Gold Trust (NYSE Arca: IAU) with $48 million, Market Vectors Oil Services (NYSE Arca: OIH) with $43 million and Direxion Daily Energy Bull 3X (NYSE Arca: ERX) with $43 million in outflows.

ETP Performance

Energy funds dominated the best performers, with Global X Uranium (NYSE Arca: URA) topping the list with a 8.44 percent jump, followed by iShares MSCI ACWI ex-US Materials (NYSE Arca: AXMT) with a 6.64 percent increase, iPath Global Carbon ETN (NYSE Arca: GRN) with a 5.83 percent hike, Sustainable North American Oil Sands (NYSE Arca: SNDS) with 4.75 percent added and Market Vectors Uranium + Nuclear Energy (NYSE Arca: NLR) with a 4.52 percent appreciation.

Natural gas funds and soft commodity funds underperformed, with United States Natural Gas (NYSE Arca: UNG) falling 6.59 percent, followed by iPath Dow Jones-UBS Coffee Total Return ETN (NYSE Arca: JO) with a 5.71 percent fall, ELEMENTS Credit Suisse Global Warming ETN (NYSE Arca: GWO) with a 5.33 percent decline, Teucrium Natural Gas Fund (NYSE Arca: NAGS) with a 5.24 percent slip and iPath Dow Jones-UBS Softs Total Return ETN (NYSE Arca: JJS) shedding 4.85 percent.

Fund Flows Data: (August 10 - August 16, 2012)

Commodity ETF Weekly Flows By Sector

Top 5 Commodity ETF Creations

Top 5 Commodity ETF Redemptions

Top 5 Weekly Performers, Excluding <1,000 Shares Traded

Bottom 5 Weekly Performers, Excluding <1,000 Shares Traded

Top 5 Volume Surprises, Funds >$50 mm AUM

Disclaimer: Data provided by IndexUniverse. All data as of 6 a.m. Eastern the date of publication. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.